INSURANCE
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Insurers That Cover Natural Disasters Must Hold Reserves Based On Subscriptions
Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms draw...
Insurers Still Pessimistic, Expect Market Stagnation In 2012
The insurance market's balance and revenue stabilized at half a billion euros three months into the year, after three years of decline, the market's players will not say that the worst is be...
Omniasig: 2012 Will Be A Difficult Year For Insurance, Slight Growth Expected
This year will be difficult for the insurance market, with a slight growth in underwritings, said Mihai Tecau, CEO of Romanian insurer Omniasig (formerly BCR Asigurari).
Romanian Insurance Market Up 0.35% On Year In 1Q, To RON2.17B
Romania’s general and life insurance market increased 0.35% in the first quarter of the year, to 2.17 billion lei (EUR488 million), fueled by the general insurance segment which saw a 0.55%...
Generali Settles For 5% Market Share In Romania Only To Return To Profit
Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because o...
Major Insurers Laid Off 8% Of Their Staff Last Year
Five of the top ten companies on the insurance market cut the number of employees by 8% last year, as the industry as a whole continued to restructure because of the significant business dec...
MedLife Creates Broker To Sell Insurance
MedLife, the largest private medical service operator on the local market, controlled by the Marcu family, is branching out into the private insurance market with MedLife Broker Asigurare Re...
EUR84M Worth Of Life Insurance Contracts Cancelled By Policyholders Last Year
Life insurance companies lost several tens of thousands of accounts last year, as they were closed by customers who needed the money after seeing their income shrink because of the difficult...
CSA To Insure Employees For Up To EUR200,000 Per Person
Romanian insurance market regulator CSA wants to buy life insurance for its 178 employees, with benefits ranging between EUR25,000 and EUR200,000 per person, through a contract worth an esti...